Jul 21, 2026 – 11.10amThe Australian sharemarket operator has all but abandoned a push for listed companies to introduce strict diversity targets, dropping a controversial proposal to disclose directors’ personal characteristics, including sexuality, Indigenous heritage, or disabilities.Draft rules released by the ASX’s new corporate governance oversight body, led by former Reserve Bank of Australia governor Philip Lowe, instead proposed stripping back and simplifying reporting amid criticism that onerous disclosure requirements were dissuading public listings.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles